Kosmos Energy (NYSE:KOS) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Kosmos Energy (NYSE:KOS) posted its quarterly earnings data on Monday. The oil and gas producer reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), Zacks reports. The company had revenue of $397.66 million for the quarter, compared to the consensus estimate of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $2.65 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 5.24 and a beta of 2.41. Kosmos Energy has a twelve month low of $2.62 and a twelve month high of $6.58. The firm has a 50-day moving average of $3.34 and a two-hundred day moving average of $3.85.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KOS shares. Benchmark dropped their price objective on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho dropped their price target on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Jefferies Financial Group restated a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a research report on Wednesday, December 18th. Sanford C. Bernstein dropped their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.52.

Insider Activity

In related news, CAO Ronald W. Glass sold 10,354 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $32,304.48. Following the transaction, the chief accounting officer now directly owns 299,498 shares of the company’s stock, valued at approximately $934,433.76. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew G. Inglis sold 138,689 shares of Kosmos Energy stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $432,709.68. Following the transaction, the chief executive officer now directly owns 3,959,000 shares in the company, valued at approximately $12,352,080. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 503,970 shares of company stock worth $1,572,386. Insiders own 2.02% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.